Italy Medical Device Contract Research Organization Market Size & Outlook

The medical device contract research organization market in Italy is expected to reach a projected revenue of US$ 314.1 million by 2030. A compound annual growth rate of 9.4% is expected of Italy medical device contract research organization market from 2024 to 2030.
Revenue, 2023 (US$M)
$167.7
Forecast, 2030 (US$M)
$314.1
CAGR, 2024 - 2030
9.4%
Report Coverage
Italy

Italy medical device contract research organization market, 2018-2030 (US$M)

Italy

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Italy medical device contract research organization market highlights

  • The Italy medical device contract research organization market generated a revenue of USD 167.7 million in 2023 and is expected to reach USD 314.1 million by 2030.
  • The Italy market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
  • In terms of segment, clinical was the largest revenue generating phase in 2023.
  • Preclinical is the most lucrative phase segment registering the fastest growth during the forecast period.


Medical device contract research organization market data book summary

Market revenue in 2023USD 167.7 million
Market revenue in 2030USD 314.1 million
Growth rate9.4% (CAGR from 2023 to 2030)
Largest segmentClinical
Fastest growing segmentPreclinical
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPreclinical, Clinical
Key market players worldwideIQVIA Holdings Inc, Charles River Laboratories International Inc, Icon PLC, Syneos Health, Labcorp Holdings Inc, Wuxi AppTec Co Ltd, Medpace Holdings Inc, Eurofins Scientific SE, Promedica International, Qserve


Other key industry trends

  • In terms of revenue, Italy accounted for 2.2% of the global medical device contract research organization market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany medical device contract research organization market is projected to lead the regional market in terms of revenue in 2030.
  • Spain is the fastest growing regional market in Europe and is projected to reach USD 278.6 million by 2030.

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Medical Device Contract Research Organization Market Companies

Name Profile # Employees HQ Website

Italy medical device contract research organization market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical device contract research organization market will help companies and investors design strategic landscapes.


Clinical was the largest segment with a revenue share of 82.11% in 2023. Horizon Databook has segmented the Italy medical device contract research organization market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.


In Italy, heart diseases, stroke, lung cancer, COPD, and diabetes, followed by COVID-19, are among the major causes of death in the country. This high burden of chronic diseases, followed by high life expectancy is expected to improve the demand for technologically advanced medical devices for diagnosis & treatment in the country, thus promoting market growth.

A large number of key players in the medical device contract research organization market are present in Italy, including Medpace, Charles River, Labcorp, ICON, IQVIA, Parexel, and PRA Health Sciences.

The growing demand for lower clinical research costs among medical device companies is expected to increase the number of partnerships with CROs in the coming years, thus boosting the Italy medical device contract research organization market.

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Horizon Databook provides a detailed overview of country-level data and insights on the Italy medical device contract research organization market , including forecasts for subscribers. This country databook contains high-level insights into Italy medical device contract research organization market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Italy medical device contract research organization market size, by phase, 2018-2030 (US$M)

Italy Medical Device Contract Research Organization Market Outlook Share, 2023 & 2030 (US$M)

Italy medical device contract research organization market size, by phase, 2018-2030 (US$M)

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